Opportunity costs for organizational resources:

Name: Opportunity costs for organizational resources:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Opportunity costs can involve non-monetary factors such as time and effort, so they are not limited to explicit cash flows. Additionally, determining opportunity costs is important for all products, including existing ones, as it helps organizations make informed decisions about resource allocation. Marginal tax rates do not play a role in determining opportunity costs.

Opportunity Costs for Organizational Resources